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Thread: Biggest decline in US productivity in 74 years

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    Quote Originally Posted by Walt View Post
    It costs a lot of money to build a new factory, and to train people, but it does not produce anything immediately, and takes time to raise productivity. The same is true for hiring new people. It takes time to train them, and get them up to peak productivity, so new employees lower average productivity.

    Shutting down a factory, or laying people off raises average productivity. You first shutdown the least productive factories, and layoff the least productive people. That causes a upward blip in average productivity.

    Negative productivity over time is a very bad thing, and positive productivity over time is a very good thing. But under a year and the reverse is true. This is all Economics 101.
    If this is Economics 101 you’re the first person I’ve seen say these back to back quarters of productivity falling is a good thing.

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    Quote Originally Posted by cawacko View Post
    If this is Economics 101 you’re the first person I’ve seen say these back to back quarters of productivity falling is a good thing.
    Walt manages to be wrong almost 100% of the time, which can only be done on purpose.
    This illegal illegitimate regime that runs America is at fault...not me.... they do not represent me and I have long objected to their crimes against humanity.

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    Quote Originally Posted by Into the Night View Post
    But not symmetrically. Costs generally go up before realize any income from it.
    What is driving extended inflation is income going up in expectation of future inflation.
    Daniel Patrick Moynihan said it best, "You are entitled to your opinion. But you are not entitled to your own facts."
    Paul Begala, "Politics is show business for ugly people."
    Stephen Colbert, "Reality has a well known liberal bias."

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    Quote Originally Posted by Into the Night View Post
    A master's degree is not a new graduate.
    Yes, it is a new graduate from a master's degree program. I do not want to go into too much detail, but she had no relevant job experience. She had McDonald's level jobs.
    Daniel Patrick Moynihan said it best, "You are entitled to your opinion. But you are not entitled to your own facts."
    Paul Begala, "Politics is show business for ugly people."
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    Quote Originally Posted by Into the Night View Post
    There is no lifetime limit.
    At this point, you just say whatever lie comes to your mind.
    Daniel Patrick Moynihan said it best, "You are entitled to your opinion. But you are not entitled to your own facts."
    Paul Begala, "Politics is show business for ugly people."
    Stephen Colbert, "Reality has a well known liberal bias."

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    Quote Originally Posted by Walt View Post
    What is driving extended inflation is income going up in expectation of future inflation.
    Too many dollars being made, people unable and/or unwilling to work, and collapsing supply chains partly caused by the calamity of Ukraine all are bigger drivers.

    This is about chaos, this is about America no longer working....in collapse.
    This illegal illegitimate regime that runs America is at fault...not me.... they do not represent me and I have long objected to their crimes against humanity.

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    Quote Originally Posted by cawacko View Post
    If this is Economics 101 you’re the first person I’ve seen say these back to back quarters of productivity falling is a good thing.
    Usually when there is growth, at first there is productivity falls. Usually when we enter a recession, there will be a productivity gain about midway through when the layoffs start.
    Daniel Patrick Moynihan said it best, "You are entitled to your opinion. But you are not entitled to your own facts."
    Paul Begala, "Politics is show business for ugly people."
    Stephen Colbert, "Reality has a well known liberal bias."

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    Quote Originally Posted by Hawkeye10 View Post
    Too many dollars being made, people unable and/or unwilling to work, and collapsing supply chains partly caused by the calamity of Ukraine all are bigger drivers.

    This is about chaos, this is about America no longer working....in collapse.
    Lazy people not working would bump up productivity. Lazy people being forced to work would lower productivity. Lazy people are not good for productivity, so having them not count drives up productivity.

    Supply chain problems, due to pandemic or Ukraine, could actually lower productivity. Imagine you have a car factory that is not getting computer chips, or some other essential part. You will try to make cars, but you will not be producing shippable cars.
    Daniel Patrick Moynihan said it best, "You are entitled to your opinion. But you are not entitled to your own facts."
    Paul Begala, "Politics is show business for ugly people."
    Stephen Colbert, "Reality has a well known liberal bias."

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    Quote Originally Posted by Walt View Post
    It costs a lot of money to build a new factory, and to train people, but it does not produce anything immediately, and takes time to raise productivity. The same is true for hiring new people. It takes time to train them, and get them up to peak productivity, so new employees lower average productivity.
    Lowering it from what? You seem to forget there was no productivity there in the first place! Any other factory's productive remains unchanged.
    Quote Originally Posted by Walt View Post
    Shutting down a factory, or laying people off raises average productivity.
    How?? There is less productivity!
    Quote Originally Posted by Walt View Post
    You first shutdown the least productive factories, and layoff the least productive people. That causes a upward blip in average productivity.
    No, that causes LESS productivity.
    Quote Originally Posted by Walt View Post
    Negative productivity over time is a very bad thing, and positive productivity over time is a very good thing. But under a year and the reverse is true. This is all Economics 101.
    No, this is all bad math.
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    Quote Originally Posted by cawacko View Post
    If this is Economics 101 you’re the first person I’ve seen say these back to back quarters of productivity falling is a good thing.
    It's weird. He's trying to apply a base rate to an inversion of the average. That's just bad math.
    "The atmosphere is among the factors that determines the Earth's atmosphere." --ZenMode
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    Quote Originally Posted by Walt View Post
    What is driving extended inflation is income going up in expectation of future inflation.
    No. What is driving inflation is the Fed printing money faster than wealth being created.
    "The atmosphere is among the factors that determines the Earth's atmosphere." --ZenMode
    "Donald has failed in almost every endeavor he has attempted. " --floridafan
    "Abortion is not a moral issue. " --BidenPresident
    "Propaganda can also be factual." --Flash
    "Even after being vaccinated, you shed virus particles." --Jerome
    "no slavery is forcing another into labor" -archives
    "Evs are much safer from fires" -- Nordberg
    "Abortion has killed no one." -- LurchAddams

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    Quote Originally Posted by Into the Night View Post
    Lowering it from what? You seem to forget there was no productivity there in the first place! Any other factory's productive remains unchanged.
    Average productivity goes down. If you have one factory that produces 1,000 widgets a day, and add a second factory that produces no widgets, you have an average that went from 1,000 to 500.

    Quote Originally Posted by Into the Night View Post
    How?? There is less productivity!
    Productivity is the amount of output for a given input. So as the input goes up, if output does not go up by the same amount, productivity goes down.

    You seem to have confused productivity with amount produced (output).
    Daniel Patrick Moynihan said it best, "You are entitled to your opinion. But you are not entitled to your own facts."
    Paul Begala, "Politics is show business for ugly people."
    Stephen Colbert, "Reality has a well known liberal bias."

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    Quote Originally Posted by Walt View Post
    Yes, it is a new graduate from a master's degree program. I do not want to go into too much detail, but she had no relevant job experience. She had McDonald's level jobs.
    A master's degree is a post graduate degree.

    So Microsoft hires another incompetent with a degree. What else is new?
    "The atmosphere is among the factors that determines the Earth's atmosphere." --ZenMode
    "Donald has failed in almost every endeavor he has attempted. " --floridafan
    "Abortion is not a moral issue. " --BidenPresident
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    "Even after being vaccinated, you shed virus particles." --Jerome
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    Quote Originally Posted by Walt View Post
    Average productivity goes down. If you have one factory that produces 1,000 widgets a day, and add a second factory that produces no widgets, you have an average that went from 1,000 to 500.
    No. The average productivity remains the same. It's still 1000.
    Quote Originally Posted by Walt View Post
    Productivity is the amount of output for a given input.
    Productivity is the amount of output...period.
    Even if you use net instead of productivity, it is the same. The new factory is using no input yet either.
    Quote Originally Posted by Walt View Post
    So as the input goes up, if output does not go up by the same amount, productivity goes down.
    Why would more raw material be used for less product????!?
    Quote Originally Posted by Walt View Post
    You seem to have confused productivity with amount produced (output).
    Nah. You're just bad at math.
    "The atmosphere is among the factors that determines the Earth's atmosphere." --ZenMode
    "Donald has failed in almost every endeavor he has attempted. " --floridafan
    "Abortion is not a moral issue. " --BidenPresident
    "Propaganda can also be factual." --Flash
    "Even after being vaccinated, you shed virus particles." --Jerome
    "no slavery is forcing another into labor" -archives
    "Evs are much safer from fires" -- Nordberg
    "Abortion has killed no one." -- LurchAddams

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    Quote Originally Posted by Walt View Post
    It costs a lot of money to build a new factory, and to train people, but it does not produce anything immediately, and takes time to raise productivity. The same is true for hiring new people. It takes time to train them, and get them up to peak productivity, so new employees lower average productivity.

    Shutting down a factory, or laying people off raises average productivity. You first shutdown the least productive factories, and layoff the least productive people. That causes a upward blip in average productivity.

    Negative productivity over time is a very bad thing, and positive productivity over time is a very good thing. But under a year and the reverse is true. This is all Economics 101.
    This is completely wrong. One of the leading causes of factories and other businesses shutting down is being regulated out-of-business. The coal industry is a perfect example. Instead of being less efficient and ending operations due to competition in the market, the government has stepped in and forced their closure in favor of less productive alternatives like wind and solar.
    At the same time, the government recognized that their new choices were less productive so they propped them up with huge subsidies to make them marginally cost effective. The problem there is the taxes taken to provide the subsidies make other businesses less productive because they are robbed of part of their profits. Less profit, less ability to invest and grow.

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